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The largest container ships to be delivered this year have a maximum capacity of 24,000 TEUs. (This class of ship is named — I am not making this up — the “Ever Alot.” The Evergreen shipping company, the very same that blocked the Suez Canal last year, ordered the record-breaking ship.)
Each year brings a new, larger-than-ever megaship. The largest ship class of a given year has increased by 50% from 2012 to today, or nearly sixfold from 1981 to today. Massive container ships have helped wreak serious chaos on global trade.
Up to 60 of the 100 largest ocean carriers have vanished from the 2000s to today, thanks to a wave of bankruptcies and acquisitions. The top 10 largest ocean carriers in 2000 commanded 51% of the market; today, they dominate 80% of it, according to a White House fact sheet. All of these companies are based outside the U.S.
originally posted by: andr3w68
It seems to me that capitalism truly is in it’s late stage, and that it is no longer working to best fit the needs of the many. No longer is someone able to work their way up. No longer is someone able to put in the hard work, and truly succeed. For a market to be working, you need to have equal privilege and opportunity. Otherwise, you end up in the situation that we are in where the few hold it all, and everyone else is left to make due.
originally posted by: sapien82
if there are laws to prevent monopolies why arent there international laws to prevent the control of the worlds resources from going to one group or person etc
The best laid plans of mice and men often go awry